Tuesday, September 29, 2020
Home Business World Bank sanctions $300 million for building roads in Tamil Nadu

World Bank sanctions $300 million for building roads in Tamil Nadu

By Newsgram Staff Writer

To improve the capacity, quality and safety of Tamil Nadu’s core road network, World Bank has approved a $300 million loan for the ‘Second Tamil Nadu Road Sector Project ‘.

To help the state fulfill its vision, Second Tamil Nadu Road Sector Project will address the accumulated investment needs by supporting upgradation of 1,175 km of the core road network.

The project will adopt a contracting arrangement to encourage economies of scale. It will also offer stronger incentives for performance, viz., Engineering Procurement Construction (EPC) contracts (430 km), Public Private Participation (PPP) concessions (145 km) and long-term Performance-Based Maintenance Contracts (PBMC, 600 km).

“While Tamil Nadu has made impressive economic progress, the state government recognizes the need for improving infrastructure, particularly road infrastructure, to make growth more inclusive.  Better roads will help improve access to markets, healthcare and education while creating new jobs and boosting agriculture,” said Onno Ruhl, World Bank Country Director for India.

“Rapid growth has also led to substantial increase in vehicle ownership. An important aspect of the project will be to strengthen road safety in order to bring down the number of fatalities and serious injuries from traffic accidents in the state,” Ruhl added.

The first project – Tamil Nadu Road Sector Project – supported upgrading (724 km) and maintaining (1,030 km) roads along with several initiatives to strengthen institutions as well as road safety. These included a road safety policy, a Road Accident Database Management System, a Road Safety Fund, and black-spot improvement.

During the project period, number of fatalities from road accidents per 10,000 registered vehicles reduced from 19 in 2003 to 11 in 2012. The percentage of roads in poor condition in the state’s core road network (CRN), comprising state highways and major district roads, reduced from about 35 per cent to 8 per cent. Also, the share of roads with less than 2-lane width in CRN decreased from 60 per cent to 38 per cent.

“The first project had a number of institutional successes but there is also an unfinished agenda. The project will support the Government of Tamil Nadu in implementing a more sustainable strategy involving innovative contracting structures with scope for greater efficiency, a gradual shift towards more optimal allocation of budgetary support towards capacity expansion and maintenance and a more coordinated approach to road safety at the state and field levels,” said Pratap Tvgssshrk, Senior Transport Specialist and World Bank’s Task Team Leader for the project.

STAY CONNECTED

19,133FansLike
362FollowersFollow
1,779FollowersFollow

Most Popular

Knowing the Basics of Your Sneaker Shoes

Sneaker Shoes have taken over the world and how! Understandably so, because who would do not want to sport footwear that is not only...

Fusion Taking Over in Indian Kitchens

Owing to the pandemic, food consumption has become a cautious habit and people are highly conscious of what they are eating and where it...

Sean Toy Provides Rudimentary Overview of Nutrition

Nutrition makes up the second half of the exercise equation, with work and effort being the other, yet many who are committed to consistently...

Reviewing the Song ‘Bol re Dilli Bol’ by Kailash Kher

BY RADHIKA TANDON The song Bol re Dilli Bol, vocalized by Kailash Kher, is indeed a thought-provoking song that leaves you gutted to your core....

How To Become An Influencer On Angel Amplifiers

Marketing techniques and strategies are changing. With the advent of the digital age, brands and companies are also evolving, cruising towards online marketing. This...

Virtual ‘Deepotsav’ in Ayodhya Instead of Ram Lila

The Ayodhya administration has denied permission for Ram Lila in Ayodhya due to the coronavirus pandemic, however, the administration has started preparations to organize...

Changes in Diet and Lifestyle for a Healthy Heart

This World Heart Day, let's have a light-hearted conversation about the importance of having a healthy heart and how one should take care of...

Heart Disease in Teens Related to Diabetes Exposure in Womb: Study

In a major study, researchers have revealed that heart disease in young adults and teenagers may be related to exposure to diabetes in the...

Recent Comments